China’s data releases will likely be mixed, with a soft tone
May 07, 2015 22:20 pm UTC| Commentary
In China we think April industrial production growth may have improved over that in March (the lowest growth since the global financial crisis, partly due to the late Lunar New Year in 2015, which delayed the resumption of...
China Inflation likely remained subdued in April
May 07, 2015 21:47 pm UTC| Commentary
China will release inflation data for April on 9 May. CPI inflation is expected to have inched up to 1.6% y/y from 1.4% in March on a lower base last year.Food inflation of 3.2% y/y (versus 2.3% in March), and non-food...
Sri Lanka CBSL is likely to keep rates on hold in May
May 07, 2015 21:44 pm UTC| Commentary
The Central Bank of Sri Lanka (CBSL) is expected to keep rates on hold in May to allow the effects of Aprils surprise 50bps cut to flow through to the economy.The Sri Lankan rupee (LKR) has depreciated marginally despite...
Temporal downward trend in Mexico CPI should continue
May 07, 2015 17:37 pm UTC| Commentary
Mexico CPI decreased 0.26% m/m in April, almost in line with market expectations. The surprise was in some unexpected perishable price declines, partially offset by small pressures in the core food and services components....
Substantial steepening in CEE has already happened
May 07, 2015 17:27 pm UTC| Commentary
The correction in CEE long-end bonds has been significant and the baseline risks are more balanced now. Bunds have shaken up some of the long positioning in CEE local debt. However, concerns remain and we could look for...
Case for loosening policy by Norges Bank remains fairly strong
May 07, 2015 17:08 pm UTC| Commentary
The Norges Bank left its policy rate unchanged at 1.25% on Thursday, but the case for loosening policy remains fairly strong. The labour market has shown signs of weakening recently and economic growth prospects are still...
Surveys point to an improvement in Germany’s industrial production
May 07, 2015 16:41 pm UTC| Commentary
Germanys industrial production (07.00 BST) rose by just 0.2% m/m in February, hit by a sharp fall in construction output following Januarys weather-related surge. This is unlikely to have been repeated in March and the...